iDropped
1
SBA Loans
$155K
Total Financed
$155K
Avg Loan Size
—
YoY Loan Growth
How iDropped Compares
- Ranks #247 of 294 Home & Repair Services brands by SBA loan count (#2,913 of 3,543 overall).
- Its average loan of $155K is 12% below the Home & Repair Services median of $177K.
- With only 1 loan on record, its own charge-off rate isn't statistically meaningful -- for context, Home & Repair Services brands overall see a 2.9% charge-off rate across 4,629 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2022 | 1 | $155K |
FY2022 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where iDropped Is Getting SBA-Financed
Recent SBA-Financed iDropped Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is iDropped growing or shrinking?
iDropped doesn't have enough SBA loan activity in both FY2021 and FY2022 to calculate a reliable year-over-year trend. For context, it ranks #247 of 294 Home & Repair Services brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a iDropped franchise?
We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $155K (12% below the typical Home & Repair Services brand's $177K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for iDropped?
iDropped only has 1 SBA loan on record -- too few to calculate a meaningful charge-off rate on its own. For context, Home & Repair Services brands overall see a 2.9% charge-off rate across 4,629 loans.
Top SBA Lenders
- Manufacturers and Traders Trust Company1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset